Adobe acquired EchoSign, a transaction completed in July 2011, structured as acquisition of privately held company.
EchoSign operates in Document Cloud / Knowledge Worker, is based in United States. EchoSign was a web-based provider of electronic signatures and signature automation, letting individuals and enterprises upload documents, set up signing workflows and collect signatures online. Adobe acquired the company in 2011 to expand the value of its document-exchange services for knowledge workers, and the product later became Adobe Sign.
Add on-demand web-based electronic signatures to Adobe's document services and grow the addressable market for knowledge-worker offerings.
Advisory firms were not disclosed for this transaction.